Business

​S​EC approves new complaint framework for capital market operators

The new rules would recognise registered industry trade groups and Self Regulatory Organisations as important parts of the new framework.

Tony Elumelu Foundation names new Chief Executive

Pioneer CEO, Wiebe Boer becomes Director of Strategy at Heirs Holdings.

Abuja electricity coy ​blames allocation shortfall for​poor power supply

The average daily allocation to the company from February 1 to February 13 was 290 megawatts.

Oil rises above $60 per barrel

This is the highest the oil has risen since mid-2014.

$20 billion Audit Report: Nigerians demand full disclosure of findings

Nigerians want the full report released to the public.

Standard & Poor retains Nigeria’s economy rating at BB-negative

The rating was based on pressure of falling oil prices on the economy as well as political risk.

OPEC predicts higher demand for its oil

OPEC projected that non-OPEC countries would supply 57.1 million barrels per day of on average this year.

We’ll continue to protect investors — Securities Commission

The decline in oil prices has negatively affected the economy.

Forensic Audit Report: Sanusi’s claims incorrect — Auditor General

The Auditor General says the total unremitted revenue from crude oil lifting by the NNPC between January 2012 and July 2013 is only $67billion.

Audit report indicts NNPC, corporation to refund $1.48billion

The forensic audit was commissioned following allegation by the immediate past Governor of the CBN, Lamido Sanusi, that about $20 billion oil money was missing from the NNPC.

Nigeria to raise mortgage bank capital to N250bn

A time frame was not given for the recapitalisation exercise.

Civil society groups hail AU adoption of Mbeki report on illicit financial flows

The groups demand quick implementation of the report.

Group wants new SEC DG removed over approval of Gombe N30billion bond

Allegations blamed on agents of the immediate past governor of the state.

Eugene-Juwah

NCC approves MainOne as infrastructure firm for Lagos region

Chief Executive Officer of MainOne, Funke Opeke, says the company is excited to have won the license for the Lagos region

Nigeria may privatise NigComSat by 2018, says Minister

NigComSat had complemented the fiber/terrestrial networks in Nigeria.

Stranded Arik Air passengers shut down Abuja airport

Passengers said Arik is notorious for arbitrary flight postponement and cancellation and that they are disappointed that aviation authorities have failed to call the airline to order.

SEC, NSE ready to work together to build a stronger capital market

SEC Nigeria proposes rules on complaints management framework.

Crude Oil pipelines

Slide in oil price: Solid minerals can save the economy, says miners’ chief

MAN says Nigeria needs to diversify its economy.

Total Nigeria pipeline ready to deliver gas to Alaoji power plant

When completed later this year, Mrs. Proust said the project would deliver about 100 million cubic feet of gas per day to Alaoji power plant.

Crude Oil pipelines

Oil price recovers as dollar weakens against euro

U.S. crude stockpiles posted the largest build in 14 years in the previous week.

Investor education key to capital market development, says SEC boss

SEC plans to educate public on investments

New Petrol Price: How we arrived at N87 per litre — Alison-Madueke

Government still subsidises petrol despite reduction in price.

CNN Verdict: An affirmation of global confidence in Nigeria’s economy – PDP

The ruling party urges Nigerians to continue to support Jonathan

Nigeria’s naira slumps to N208 against dollar at parallel market

Naira has gone down by more than N16.50 within five days.

At N87 per litre, Nigerian government still subsidising petrol – PPPRA

The price of petrol was reduced from N97 to N87 in January.